Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Analysis of Debt

Microsoft Excel

Total Debt (Carrying Amount)

Nike Inc., balance sheet: debt

US$ in millions

Microsoft Excel
May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018
Current portion of long-term debt 500 3 6 6
Notes payable 6 10 2 248 9 336
Long-term debt, excluding current portion 8,927 8,920 9,413 9,406 3,464 3,468
Total short-term borrowings and long-term debt (carrying amount) 8,933 9,430 9,415 9,657 3,479 3,810

Based on: 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31).

Debt item Description The company
Total short-term borrowings and long-term debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Nike Inc. total debt increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Total Debt (Fair Value)

Microsoft Excel
May 31, 2023
Selected Financial Data (US$ in millions)
Notes payable 6
Long-term debt, including current portion 7,889
Total short-term borrowings and long-term debt (fair value) 7,895
Financial Ratio
Debt, fair value to carrying amount ratio 0.88

Based on: 10-K (reporting date: 2023-05-31).


Weighted-average Interest Rate on Debt

Weighted average interest rate on debt: 3.05%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
2.40% 998 24
2.38% 997 24
2.75% 997 27
2.85% 1,492 43
3.25% 987 32
3.63% 496 18
3.88% 986 38
3.38% 492 17
3.38% 1,482 50
Total 8,927 273
3.05%

Based on: 10-K (reporting date: 2023-05-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 273 ÷ 8,927 = 3.05%